Business & Finance Montana (MT) Rank #26 of 50

Loan Officer Salary in Montana

The median loan officer salary in Montana is $62,453 per year, which is 5% below the national median of $65,740.

Median Salary
$62,453
vs National
$-3,287
State Rank
#26 of 50
Cost of Living
95%

Loan Officer Salary in Montana by Experience

In Montana, an entry-level loan officer earns around $36,100, while experienced professionals earn up to $123,500 per year. The cost of living index in Montana is 95% of the national average.

Entry Level (0-2 yrs)
$36,100
$-1,900 vs national
Mid Level (3-7 yrs)
$62,700
$-3,300 vs national
Senior Level (8+ yrs)
$123,500
$-6,500 vs national

Salary Percentiles in Montana

Percentile MT Salary
10th Percentile $33,440
25th Percentile $43,130
Median (50th) $62,453
75th Percentile $95,000
90th Percentile $146,110

Major Cities for Loan Officers in Montana

The largest employment areas for loan officers in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries in major metro areas may be higher due to increased demand and cost of living.

Billings, MT
Metro area for loan officer employment
Missoula, MT
Metro area for loan officer employment
Great Falls, MT
Metro area for loan officer employment
Bozeman, MT
Metro area for loan officer employment
Helena, MT
Metro area for loan officer employment

How to Become a Loan Officer in Montana

Education

Most loan officer positions require a bachelor's degree. Montana has several accredited institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook in Montana

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Montana's demand may vary based on local industry trends.